Recaps · August 6, 2026

PAVS, August 6: the $11.00 wall, a high before the bell, and one halt

• Small cap
• Momentum
• Main move: pre-market
• Round-number break
• Halted once
• Gap and fade
• Float traded 37x

Float

509,231 shares

Volume

18.65 million shares

Previous close

$4.91

Open

$9.30 (up 89.4%)

High

$12.11 at 6:57 a.m.

Halts

1 (9:31 a.m.)

Close

$7.00

The day before

On August 5, PAVS ran from $5.00 to $7.56. It closed at $4.91, the official close. The last after-hours bar was $6.57.

Pre-market: the float traded by 4:15 a.m.

The first trades on the 6th were at $7.38, already above the $4.91 close. The first minute went as high as $7.98 and as low as $6.63. By 4:02 a.m. it was down to $6.16.

By 4:15 a.m., more shares had traded than exist in the whole float (509,231). The 4:15 minute alone traded 120,668 shares, and the price ran to $7.97 by 4:16 a.m.

Then it went quiet. From about 4:19 a.m. to 5:05 a.m. it mostly held between $6.50 and $7.00, on thin volume. It woke up at 5:06 a.m. and hit $8.30 at 5:12 a.m. It slipped back to $6.96 by 5:17 a.m. Another climb took it to $8.77 at 5:39 a.m.

At 6:03 a.m. a buyer swept 21,882 shares through 23 price levels, from $8.57 to $8.80. By 6:08 a.m., ten times the float had traded. At 6:18 a.m. another buyer took 18,008 shares from $8.90 to $9.05. Through the 6:20s it kept stepping up and reached $10.27 at 6:29 a.m.

The wall at $11.00

From 6:37 a.m. on, there were shares offered at exactly $11.00. The wall was still there going into 6:50 a.m., and was still on the book when the 6:50 minute opened.

At 6:50:56 the wall was hit. In under a second, 32,408 shares traded at exactly $11.00 and the wall was gone. It wasn't pulled. Buyers ate it. One buy order swept 26,171 shares from $10.99 to $11.11 across 10 levels.

6:56 a.m.: the jump toward $12

From 6:51 to 6:55 a.m. it traded between $10.37 and $11.12, mostly closing in the $10.60s to $10.80s. At 6:56 a.m. it jumped from $10.74 to $11.96 in one minute, on 284,673 shares.

It hit $12.11, the high so far, at 6:57 a.m., before the bell. Within three minutes it was back at $10.57. 14.63 million shares traded before the open.

The fall kept going. It reached $8.80 at 7:16 a.m., down 27% from the high. At 7:24 a.m. it pushed to $10.06, a lower high under $12.11.

The open and the halt

It opened at $9.30, up 89% from the previous close. In the 9:30 minute it dipped to $8.80 and came back to $9.48.

At 9:31:42 it was halted (a volatility pause). It reopened at 9:36:42.

A single 21,895-share trade at $8.21 printed at the 9:36:42 reopen. A minute later the stock ran to $9.70, then dropped to $8.15 by 9:39.

The slide to the close

After 9:49 a.m. the stock never came close to the morning highs. A sell order took 16,828 shares from $8.34 to $8.18 at 9:49. By 10:44 it was under $7. It made its low of $6.02 at 11:08 a.m. The afternoon stayed in a narrow range, mostly $6.20 to $7.20, on thin volume.

It closed at $7.00, 42% under the $12.11 high. That high came before the bell, 30% above the open. Regular-session volume was 3.74 million shares.

For the whole day, 18.65 million shares traded: the float changed hands about 37 times, at about 30 times its normal volume. Most of that, 14.63 million shares, traded before the open.

What to take from it

• A big ask wall at a round number is a level, not a ceiling. The $11.00 wall was eaten in under a second, and the price above it was thin.
• Chasing right after a wall breaks or a halt reopens costs more than the screen says. At the 9:36 reopen, a 5,000-share buy averaged $1,941 over the screen.
• The biggest move came before the open. The high was $12.11 at 6:57 a.m., and the stock closed at $7.00, below the $9.30 open.